Ontario government cuts funding for small-business programs GlobeSmallBiz
Ontario’s Progressive Conservative government has reduced funding at centres that support small businesses across the province. were informed recently that funding will be cut for specific programs that provide training, mentoring and grants for small-business owners.
The decrease in funding, which varies for each of the 47 SBECs across the province, comes alongside other provincial government cuts made or expected at some of Canada’s top innovation institutions such as the Ontario Centres of Excellence,earlier this month. The Ford administration has been slashing costs across a number of ministries amid a promise to balance the provincial budget in five years.
“It’s much more about creating an environment that’s conducive to growth in entrepreneurship and investment,” Mr. Eisen said, citing corporate tax cuts as an example of a policy move that can help spur investment and job creation. “That’s the most important way that governments can help create jobs and help encourage entrepreneurship in the province.”
Still, SBECs say the reduction in program funding will have an impact on their communities. Wendy Onstein, lead consultant and manager at the Leeds Grenville Small Business Enterprise Centre in Brockville, says the programs have helped dozens of businesses in her area get off the ground and grow. “It’s definitely disappointing and we hope it won’t be the reality forever, but if we have to do our piece to get back on our feet again [as a province], then it is what it is,” she said.Meantime, Ms. Onstein said her centre may have to increase certain fees or start charging for events to help make ends meet. Many SBECs are also talking about working together to conserve costs. “The small-business centres will have to become more entrepreneurial and really practice what we preach,” she said.
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